Washington State, USA

January 6, 2026

Steven Maseya

Ria Money Transfer: A Global Leader in Remittance Services

Ria Money Transfer, a subsidiary of Euronet Worldwide, Inc., has grown into one of the world’s leading financial services companies specializing in electronic funds transfer and remittances. Founded in 1987, Ria has built a strong global footprint, serving millions of customers across continents.

Headquartered in Buena Park, California, United States, Ria operates under Euronet’s Money Transfer Segment, led by Juan Bianchi, Chief Executive Officer. The company employs more than 4,000 people worldwide and reported revenues of $1.18 billion with an operating income of $59.7 million in 2020.

Ria Money Transfer is recognized as one of the “big four” global remittance companies, operating through a vast network of agents and company-owned stores across North America, South America, Europe, Asia-Pacific, Africa, and online platforms. As of 2020, Ria’s services were available at more than 470,000 locations in 159 countries, as well as through its mobile app and website, riamoneytransfer.com.

Over the years, Ria has risen to become the second-largest money transfer service in the world, driven by strategic partnerships, acquisitions, and technological innovation.

In 2006, Ria was acquired by Euronet Worldwide, Inc., joining its money transfer segment alongside foreign exchange brand XE. The acquisition marked a major milestone in Ria’s international expansion.

Ria began collaborating with post offices in 2010, and in 2014, partnered with Postbank of Kenya, enabling customers to send and receive money through all 99 Postbank branches or directly into bank accounts. This move significantly improved financial access for customers in East Africa.

That same year, Ria launched Walmart-2-Walmart Powered by Ria in the United States, a domestic money transfer service available at more than 4,600 Walmart stores. The partnership was later expanded to Latin America in 2016, including a collaboration with Walmart Chile, offering remittance services through selected Líder supermarkets.

In 2019, Ria and Walmart partnered with PayPal’s Xoom to introduce domestic money transfer services, enabling Xoom to expand into 60 countries through the agreement.

Ria continued to strengthen its global presence with the acquisition of Malaysia-based IME in 2015. The company has also expanded aggressively in Latin America, supported by a joint venture between Euronet Worldwide and Spain’s Prosegur Cash.

In Africa, Ria has gained regulatory recognition and partnerships. In March 2021, the Central Bank of Nigeria listed Ria as an approved international money transfer operator for diaspora remittances. First Bank of Nigeria also collaborates with Ria to facilitate inbound remittance flows.

Ria has invested heavily in digital platforms to meet the growing demand for fast and convenient money transfers. The Ria Money Transfer App, available on Android and iOS, allows users in the United States, Canada, and most European countries to send money through Ria’s global network. The app has surpassed one million downloads.

The company also supports mobile money services, particularly in Sub-Saharan Africa, where mobile wallets play a critical role in financial inclusion. Through a partnership with Qmoney in The Gambia, Ria customers can send funds directly to mobile wallets, reducing costs and increasing accessibility.

During the COVID-19 pandemic, global institutions including the World Bank highlighted the importance of remittances as a vital lifeline for vulnerable populations. Ria played a significant role in maintaining cross-border money flows during this period, reinforcing its importance in the global financial ecosystem.

Today, Ria Money Transfer remains a trusted name for individuals sending money to families and communities worldwide. With continued investment in technology, partnerships, and financial inclusion, the company is positioning itself for sustained growth in the evolving global remittance market.

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